AUDUSD Daily Analysis – Thursday, Jan. 16

AUDUSD is facing 0.6919 resistance, a breakout of this level could trigger further upside movement from 0.6848 to 0.6950 area.

AUDUSD is facing 0.6919 resistance, a breakout of this level could trigger further upside movement from 0.6848 to 0.6950 area.

Near term support is at 0.6875, a breakdown below this level would indicate that the downtrend from 0.7031 has resumed, then next target would be at 0.6800 area.

AUDUSD 4-hour chart

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